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The consumer price index uses weights reflecting the average expenditure structure of Estonian residents, while the harmonised index of consumer prices also takes into account tourists and is comparable to the international HICP. “Based on the preliminary estimate, the HICP was affected by the rising prices of food products and also by the higher prices of holiday trips and accommodation, although the latter is likely to be a temporary trend. Lower housing costs and decreased prices of clothing and footwear had the opposite effect on the index,” said Lauri Veski, team lead of consumer price

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the last time the consumer price index fell compared with the previous month was in March this year, when it was down by 0.5%. However, the last time we saw such a big drop as we are seeing now was nearly three years ago, in October 2022. “Compared with September last year, the rise in the consumer price index was primarily driven by food prices, which were up by 7.7%,” Veski noted, commenting on the year-on-year increase in the index. Among food products, the most significant year-on-year price increases were

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the consumer price index for the summer months exceeded the 5% mark every month compared with the previous year, reaching 6.1% in August. According to Veski, the last time the year-on-year change in the consumer price index was higher was in July 2023, when it stood at 6.4%. “Compared with August last year, the rise in the consumer price index was primarily driven by food prices, which were up by 9.2%. Coffee, chocolate, and fruits and berries saw the highest price increases,” Veski noted. Compared with July

Märt Umbleja, leading analyst at Statistics Estonia, pointed out that the last time the dwelling price index fell compared with the previous quarter was in the third quarter of 2023. “Compared with the second quarter of 2024, the prices of apartments decreased by 1% in areas bordering Tallinn and in Tartu and Pärnu cities, and by 7.7% in the rest of Estonia. In Tallinn, apartment prices continued to rise, increasing by 0.9% from the previous quarter,” Umbleja noted. Compared with the third quarter of 2023, apartment prices went up by 5.8% and the prices of houses by 8.1%. The monetary volume

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the consumer price index in July was up by 0.6% compared with June and by 5.4% year on year. “The last time the year-on-year change in the index was this high was in July 2023, when it stood at 6.4%. Compared with July 2024, the index was affected the most by the 9.1% higher prices of food products. The year-on-year increase in healthcare costs (10.5%) is mainly due to the price lists of healthcare services, which were updated in April,” Veski said, adding that a year-on-year fall was registered in the prices

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that, compared with April last year, the more expensive healthcare services, food products and transport and housing had the biggest impact on the consumer price index. “In April, there were changes in the price lists of healthcare services, which affect the index both annually and monthly. Compared with April 2024, prices have increased across almost all categories of goods and services. Clothing and footwear are again the only exception, as their prices were down by 4.5%,” noted Veski. Compared with March, the

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that, year on year, food products, transport and housing had the biggest impact on the consumer price index in March. “Year on year, the motor vehicle tax that came into force in January will be affecting transport until the end of 2025. Rent and the cost of housing-related services have increased year on year. Compared with March 2024, prices have risen across almost all categories of goods and services. Clothing and footwear are the only exception, as their prices were down by 3.4%,” noted Veski. Compared with

According to Statistics Estonia, in the second quarter of 2024, the dwelling price index increased by 6.7% compared with the same period in 2023 and by 2.8% compared with the first quarter of 2024.

Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the GDP, which had shown growth in the fourth quarter last year, was again down a little in the first quarter this year. “A month ago, we published a model-based flash estimate which suggested that the economy might be slightly improving. However, the flash estimate underestimated some irregular factors in the fourth quarter. Vehicle sales were exceptionally high in the fourth quarter in anticipation of the introduction of the motor vehicle tax from 2025. But the model could not fully foresee the significant

According to Statistics Estonia, in the first quarter of 2024, the dwelling price index increased by 2% compared with the fourth quarter of 2023 and by 7.8% compared with the first quarter of 2023.